Current export prices are only up around USD3-4/mt over the previous Friday but about USD6-
8/mt for the period average. Price levels are expected to maintain at high sides untill the harvest of
early 2005 crop.

Vietnam will sell around 200,000 tons of 25% broken rice to Cuba next year under 18 months
credit payment from delivery, according to a decision 1125 signed by Deputy Prime Minister Vu
Khoan. The payment was interest-free.

In the Decision, The Government gave the Ministry of Trade and Ministry of Agriculture and
Rural Development the right to appoint the local exporters. The Government also suggested rice
exporters can obtain loan from trade banks to carry out the rice export contracts to Cuba. The
interest occurs in the deferred payment time will be compensated by State-run Export Support
Fund.